Los Angeles County sued Southern California Edison and its parent company for the deadly Eaton fire, with Pasadena and Sierra Madre also filing suits. Edison is facing numerous lawsuits related to the fire that killed 17 people and destroyed thousands of buildings. The official cause of the fire is still under investigation, but evidence points to Edison equipment as the source, prompting the utility to conduct its own investigation.
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Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues
Investors are actively buying risk assets, including growth stocks, tech stocks, and cryptocurrencies, with Bitcoin (BTC) rising 2.9%, Ethereum (ETH) 5.1%, and Dogecoin (DOGE) 6.2% due to positive macroeconomic news, particularly expectations of de-escalation in the U.S.-China trade war. Bitcoin has shown to be a risk asset rather than a hedge, while Ethereum and Dogecoin face uncertainty regarding their long-term value, especially as Ethereum struggles with transaction costs and Dogecoin lacks fundamental use cases. Overall,...
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